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Not only are mortgage loans low cost , the interest you pay is tax deductible. You can save as much as 35 cents in taxes for every dollar you pay in interest . That means a 6% mortgage loan really costs as little as 3.9% . Why carry non-tax deductible 18 percent of credit cards, when you can instead carry a six percent mortgage with interest that is tax-deductible? Your mortgage is probably the cheapest money you can borrow, so it makes sense to get as much of it as you can
Make Sense ?
Here are some pictures of the Affiliate of the Year 2008
Kellie Pali- Kaneshiro , Broker in Charge of Creative Financial Hawaii , "Maui's Most Creative Mortgage Company".
We all are thankful to have her on our Team !
This Real-Estate ( RAM ) Function was at The Maui Marriott in Wailea , Hawaii / 09/05/2008
Fannie Mae and Freddie Mac are the largest buyers of U.S. mortgages. Their takeover is expected to ripple though the economy, affecting homebuyers directly and indirectly .
What does the takeover of Fannie Mae and Freddie Mac mean for mortgage Rates?
A Takeover is expected to push mortgages rates down . The government's backing is expected to make investors more willing to by the loans and being rates down as demand increases. Fannie and Freddie's fees, wich are incorporated into interest rates and have become more expensive recently, will also be reviewed as the firms come under new management.
Many asking : I allready have a mortgage, How will this affect me ?
It won't. it could affect people woho are shopping for loans.
How have Fannie and Freddie's troubles over the last year affected mortgage rates?
As the companies' troubles mounted , investors demanded artificially higher interest rates. For years, mortgage rates close followed U.S. Treasury bonds, but they fell out of sync as foreclosure losses mounted. Absent the porblems surrounding Fannie and Freddie, rates for the typical 30-year mortgages would be about 5.5% or lower; current rates are more than 6% . With the government backing, investors are likely to see investing in mortgages fall back in line with investing in U.S. Treasury securities, analyst said .
When can we expect mortgage rates to drop?
Well , No one lnows for sure , It could take a day, a few weeks or a month for the takeover to affect rates, analysts say, It may depend on the whether the housing market improves.
What is the best way to negotiate a lower interest rate for my mortgage?
Same as allways, See several lenders to compete for your business. Get multiple offers and have your finances in order to make yourself more competitive .
In this market a high credit score and down payment is the key! To ensure a better rate, borrowers should also weigh whether their mortgage would qualify to be bought by Fannie and Freddie. Congress recently increased the limit of loans to the forms can purchase to $729750 for single -family homes in High cost markets.
Based to this report , I suggest to Buyers to buy as soon as possible the ideal home here on the Island of Maui . Of course with all the Qualifications and Guidelines .
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HomeLoan Consultant, specializing in Hawaii Mortgage Lending with an extensive network of affiliates in the State of Hawaii and USA. I am proficient in English and German - Deutsch - Swiss
We pride ourselves in the fact that the vast majority of our clientel come by referral. We feel that our unique process is directly responsible for this . Come experience the difference .
In the Month of November - December 2007, the cost of Regular Gasoline on Maui has jumped from $3.49 to as high as $3.84 per Gal. and the Diesel at all high of $4.29. The only affordable energy is Bio-Diesel that is priced at $3.49 a gal. In order to save we all need to pay the price etventually.
How can we save now even when Utility Bills are on the Rise ?
A special designed analysation of your residence energy expense , shows you where you are wasting energy and money. We at International Mortgage, encourage you to take advantage of Renewable Energy so you can save cost and prot ect the environment. With the Consultation of your Tax Accountant you might can benefit for Rebates based on the current Goverment, State and County Credits. We encourage the use of: Wind, Photovoltatic and thermal Solar sysems and eligble ef ficiency technologies or even special insulation. If you are Purchasing a home or remodel the current Family residence, we reward you for the effort. A simple Green "thank you"!
Use yor energy wisely .... contact Georg Thoma
Gold Leed Home on Maui.
Georg helped us big times ! He has completed our quick p urchase within 2 Weeks, and the mortgage he had advised us saved us lots o f closing Cost . He came to our home and collected all the nessary paperwork we need ed to qualify for the Mortgage . Haiku Homeowner , Maui Hawaii
We are living on Lanai and our Realtor told us to call Georg Thoma . He personally came to the Island of Lanai and took a Loan application . We were stunned how well he had explained us how Mortgages Work so we could make the best Loan decision . Lanai Homeowner , Hawaii
Mr. Thoma was invited to speak to our freshmen at Baldwin High-School . We did not expect that he teached our students so well that we had to invite him next day for a second session . He showed the young student how money is working for their future . Baldwin High-School , Kahului ,Maui Hawaii.
Georg is one of the best Loan officer I know of, He returns calls and follows up with my Clients right away . One day I was in the need to hold a Open House near Wailea . Georg was cooking some food together ,,,,, that was Grand Wailea Style . He had helped me to sell this House . Gary Bland , Realtor (RS) Century 21 All island Hawaii
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